External broker reports(aggregated public sources), Public Investment Bank Bhd

Public Investment Bank Bhd

External broker reports(aggregated public sources)

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

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Equity Bottom-Up

Poh Huat Resources Holdings / Equity Bottom-Up

<ul>
<li>Poh Huat’s 2QFY23 headline net profit fell by 81.6% YoY to RM4.3m, as its main customers continue to destock its inventory as well as a decline in furniture spending.</li>
<li>After stripping out non-core items, Poh Huat’s 2QFY23 core net profit came in at RM1.8m, bringing its cumulative 1HFY23 core net profit to RM16.5m.</li>
<li>Results were below our and consensus estimates, accounting for 29% of our full-year estimates. PS. Maintain Neutral. On a side note, Poh Huat declared a first interim dividend of 3 sen.</li>
</ul>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


Poh Huat’s 2QFY23 headline net profit fell by 81.6% YoY to RM4.3m, as its main customers continue to destock its inventory as well as a decline in furniture spending.
After stripping out non-core items, Poh Huat’s 2QFY23 core net profit came in at RM1.8m, bringing its cumulative 1HFY23 core net profit to RM16.5m.
Results were below our and consensus estimates, accounting for 29% of our full-year estimates. PS. Maintain Neutral. On a side note, Poh Huat declared a first interim dividend of 3 sen.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Poh Huat Resources Holdings Berhad - Furniture Demand Remains Weak

Malaysia

Poh Huat Resources Holdings Berhad is an investment holding company.  The Company, through its subsidiaries, manufactures and trades furniture and parts.

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Poh Huat Resources Holdings (PHR MK)

Poh Huat Resources Holdings Berhad - Furniture Demand Remains Weak

Poh Huat’s 2QFY23 headline net profit fell by 81.6% YoY to RM4.3m, as its main customers continue to destock its inventory as well as a decline in...

Public Investment Bank Bhd

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